What was UVXY reverse split?
ProShares Ultra VIX Short-Term Futures ETF (UVXY) has announced a 1-for-10 reverse stock split. As a result of the reverse stock split, each UVXY Share will be converted into the right to receive 0.10 (New) ProShares Ultra VIX Short-Term Futures ETF Shares.
At what price does UVXY reverse split?
UVXY’s Estimated Next Reverse Split? July 15th, 2022
Event | Dates | Inception / close price right before reverse split (split adjusted) |
---|---|---|
Leverage Shift from 2X to 1.5X | 28-Feb-2018 | |
9th Rev. Split | 18-Sept-2018 | 7.36 |
10th Rev. Split | 26-May-2021 | 3.81 |
10th Rev. Split | 15-July-2022 (estimate) | ~ $8 |
When did UVXY leverage change?
February 27, 2018
Both funds’ objectives changed effective as of the close of business on February 27, 2018.
Which is better VXX or UVXY?
UVXY is slightly different than VXX because it is 2x leveraged. This means that UVXY will return twice the percentage of VXX on a given day. Both of these products allow investors to gain exposure to volatility by utilizing the underlying stock or options.
Is UVXY a good stock to buy?
Conclusion. UVXY is one of the worst ETFs in terms of decay. If you buy and hold, you are likely to lose a lot. Your $28.00 stock was once worth $1.461 million adjusted for reverse stock splits.
How does UVXY stock work?
UVXY offers daily leveraged exposure to short-term VIX futures, designed to capture the volatility of the S&P 500, in a commodity pool wrapper. As a geared product with daily resets, UVXY is designed as a short-term trading tool and not a long-term investment vehicle.
What is UVXY and SVXY?
Quickly compare and contrast ProShares Ultra VIX Short-Term Futures ETF (UVXY) and ProShares Short VIX Short-Term Futures ETF (SVXY). Both ETFs trade in the U.S. markets. UVXY launched on 10/03/11, while SVXY debuted on .
How long can you hold UVXY for?
UVXY can rise up sharply when $VIX surges up rapidly intraday, but as soon as volatility starts to drop even just a bit, UVXY can drop very rapidly. You may see a big gain turns into a big loss very quickly. Therefore, we don’t hold UVXY for any longer than 1-2 days in this kind of setup.
Why do people buy UVXY?
Traders look to purchase UVXY when they think there will be a sharp increase in volatility. Buying UVXY equates to, more or less, direct exposure to the two most active (near-term) VIX futures. As long as VIX futures are in contango and volatility doesn’t increase, UVXY will lose money every month.
When did uvxy split its shares?
The first split for UVXY took place on March 08, 2012. This was a 1 for 6 reverse split, meaning for each 6 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 166.666666666667 share position following the split. UVXY’s second split took place on September 07, 2012.
What does uvxy’s 10th split mean?
UVXY’s 10th split took place on May 26, 2021. This was a 1 for 10 reverse split, meaning for each 10 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 0.000166666666666667 share position pre-split, became a 1.66666666666667e-05 share position following the split.
What is a 1 for 10 reverse split?
This was a 1 for 10 reverse split, meaning for each 10 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 166.666666666667 share position pre-split, became a 16.6666666666667 share position following the split. UVXY’s third split took place on June 10, 2013.
What was the original uvxy position size?
Looking at the UVXY split history from start to finish, an original position size of 1000 shares would have turned into 1.66666666666667e-05 today.